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One approach to boost your debt payoff would be to decrease your interest rate. In case you've got high-interest debt you want to get a lower interest rate on, check out Credible, which features loan amounts as low as 4.99% to refinancing your credit card debt.

Are you looking for a low-risk method to make passive income Then consider opening a high-yield savings account with an online bank like CIT Bank that pays 19 times more than traditional banks. CIT is currently are paying 1.55% which is unreal.

Although this wont make you filthy rich, it'll be a safer way to make consistent income and not lose your money since CIT FDIC insured.

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Once the initial task of creating the book is done, selling novels can be a great way to produce some serious residual income.

Once your book is available on a site like Amazon, you could receive a check every month for doing absolutely nothing. Note that spending some time developing an effective marketing plan is essential. Obviously, the more time you spend marketing your publications, the more money youll make.

Do you have an extra room that you seldom use Why not rent it out to someone looking for a short-term rental on Airbnb.  Millions of people use Airbnb to find somewhere to stay instead of staying in a resort, sometimes even for months at a time.

You can hire a maid service to clean and prep the space following a guess leaves. This may eliminate work on your end and make it truly passive income. My friend Steve and his wife make over $1000 a month renting out their spare bedrooms.

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In case you have a site already then this really is a no-brainer.  Some people are making over $50,000 per month like Michelle who teaches others how to make money online with her course Making Sense of Affiliate Marketing.

In case you dont have a website, you can start one for less than $3/month. Thats the price for getting a website host a company that stores your site on servers so it can be viewed on the Internet.   Click here to get special pricing of $2.95/month using Bluehost.

Affiliate marketing can be a terrific way to produce passive income. This is because when folks click on the affiliate links on your website, you receive a commission at no additional cost to them. All they need to do is important link purchase a service or product.

Another way to make passive income is to create a lead generation website. Lead generation websites exist to provide warnings to local businesses.

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So, lets say you created a lead generation website that focuses on property. Youd utilize the website in order to educate people about home ownership. Or, youd instruct them about real estate investing.

Within the site youd have links in which people could contact you to learn more. When someone contacts you, you refer them to some real estate professional in their area.

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The actual estate professional would cover you link to the lead. Its a hot lead and not a cold encounter, so professionals would be more willing to pay.

You could also earn money by having advertisers on your site. Note that you may need to understand SEO (Search Engine Optimization) rules in order to make the website successful. Getting your site near the top of search engine pages would be critical for success.

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Did you know that you can sell your own products on Amazon and have them even send the products for you I actually have a friend who has done really well with this he earns six figures per year selling his own products online.

You can earn even more money by signing up with a special rewards shopping website. You will find websites that will pay you each time you shop at certain online retailers.

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You simply download the sites browser check here extension and each time youre on an e-commerce website thats eligible for cash-back, youll receive a notification. I use a free site named Ebates, which will cover you $10 just for signing up.

Using their double money back specials, then you can double your passive income earnings if the right things go on the market.

Again, your earning plan goes out the window if you buy things you dont need just to earn rewards. Just go on your shopping as normal, and potentially earn a nice cash bonus in the process.

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With the explosion of eCommerce, drop shipping has become very popular.  Here's how it works: you make an online store that provides products from certain manufacturers.